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Nobel-Winning Economist Calls Apple's Irish Tax Arrangement 'Fraud'
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You win the "Most Absurd Post of the Day" award! Congratulations.
This is an ideological battle (about tax rates) that is playing out between some countries in Europe and between America and Europe. Apple are the biggest target and will just have to put up with it for now.
Now it all makes senses. I was going to look into this loser but didn't really care enough to google him. Thanks for the info!
“The government has no money, it is trillions in debt from enriching the military-intel-industrial complex post-9/11 (one reason 9/11 was allowed to happen and made to happen) and bailing out foreign banks post-2008 crash with trillions in U.S. taxpayers’ money. Naturally, I blame Apple for smart business choices.”
- Joseph Stiglitz
- Joseph Stiglitz
I completely agree tax American citizens until their is nothing left so Apple can pay zero taxes what so ever while hoarding hundreds of billions of dollars while the average middle class American struggles.
I didn't say that but for me, the title "Nobel Prize winner" has lost any meaning after they gave one to Obama.
This is just stupid on stilts. Apple is playing the game just as the IRS has set the rules.
You want them to behave differently, change the tax regulations.
Depends upon what you consider to be fraud.
In a nut shell this is a big problem. It isn't in any bodies best interests for companies to be setting their tax rates. It isn't even in Apples best interest to be obsessed with taxes in anyone location.
Paying the minimal amount in taxes is always right and is right for everybody. Working sweetheart deals though impact everybody, something we have way too much of in the USA. It is interesting that the EU want to prosecute Apple for doing something in Ireland that is all too common in the USA. Companies routinely negotiate low tax rates in exchange for "Job creation" often at the expense of existing local businesses. It is really sleazy and last I knew perfectly legal in most states.
Tax rates need to be applied equally to all businesses nation wide. As for the EU that little organization is falling apart as it is. Ultimately they need the same policy of level corporate taxes.
As for Ireland I do understand their point of view, at one time they really needed job creation. The problem is that time has passed. Ireland's economy is doing much better and the unemployment rate is not as bad as it once was.
No, I said tax at every stage of money changing hands. Corporations would be taxed to death too.
But they aren't doing anything bad or wrong here. I hate Google and Scamsung, but those aren't doing anything wrong here either.
Change the law and they will follow it. It's a simple concept.
There are multiple issues here and we would do well not to conflate them.
First, as to Apple's conduct, their obligation is to adhere to the tax laws that apply to them -- nothing more, nothing less. No one pays more taxes than they owe out of a sense of charity. In fact, if Apple were to do so they would violate other legal obligations to their shareholders.
Second, to the extent U.S./European tax law permits Apple to get away with an unusually good deal or that it incentivizes Apple to keep money in a jurisdiction with a disproportionately small connection to its operations, then the laws must be reformed. Powerful forces try to confuse this issue because numerous large companies take advantage of the same "loopholes" on which Apple relies.
First, as to Apple's conduct, their obligation is to adhere to the tax laws that apply to them -- nothing more, nothing less. No one pays more taxes than they owe out of a sense of charity. In fact, if Apple were to do so they would violate other legal obligations to their shareholders.
Second, to the extent U.S./European tax law permits Apple to get away with an unusually good deal or that it incentivizes Apple to keep money in a jurisdiction with a disproportionately small connection to its operations, then the laws must be reformed. Powerful forces try to confuse this issue because numerous large companies take advantage of the same "loopholes" on which Apple relies.
No, Apple pays the bill that Ireland is presenting them.
If Ireland is presenting a low bill, then it's because Apple has more countries in the EU to chose, from cheap labour to cheap taxes, to both.
That’s true. It should never have been awarded before the fact and should now be rescinded because he’s arguably the last person who ever deserves to have such a Peace Prize.
Like the article says, this isn't just Apple, but also Google, Amazon, etc. This suggests that, among other things, the interests of shareholders are prioritized above all else except, hopefully, the law. It's hard to argue that they shouldn't be.
But I would personally prefer that they would all would pay their taxes in the USA. It feels like we, as a country, are getting gypped by those who can afford to make the biggest contributions.
Yes, I saw that, and, I know the guy has a Nobel Prize, but, when I use the word "fraud", I don't mean something that is perfectly legal. I myself would like the tax laws to be modernized to handle (I hate this term, but ...) "intellectual property" better.
So yeah it's exactly what you're saying, and you're a complete liar if you try to argue otherwise.
Then expect to pay higher prices for anything you buy from these companies.
are you joking??
the guy's a Nobel laureate in economics and is calling out apple from _stealing_ from people like YOU and I and you're defending APPLE?????? what the hell???
Have you looked up tax rates between 1950 and now? In 1950, or arguably even before, it was to death and more. Now it's arguably too little, on top of everything else.
Also, if Apple is an American company then it shouldn't be putting taxes into Ireland and be a wannabe Irish company. I mean, you can't put money into someone else's system and enjoy all the benefits America gives you, right? I mean, if you are getting stuff you didn't pay for, isn't that like stealing?
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Or, conversely, if the law is perfect.
In your case and mine, nobody said perfection exists.
That may be true. But is their profit margin what it is only because they save on taxes? I didn't think so. I thought those were all pretax calculations.
Your posts makes more sense when I think of the church lady from the Simpsons saying it..
"Won't somebody please think of the multi billion dollar multi national corporations"